Supply & Demand

What does demand mean?

• to ask for something; order

• price increase

• price decrease

• amount of something available

If the demand increases and the supply is low what happens...

• price decreases

• price increases

• price stays the same

If the demand decreases and the supply increases what happens?

• price increases

• price decreases

• price stays the same

If the demand increases and the supply increases what happens?

• price increases

• price decreases

• price stays the same

Supply and Demand does NOT impact price.

• true

• false

Give me an example of when you have seen the price of something change because of supply and demand.

How does supply and demand affect our economy?

What does supply mean?

• price increase

• amount of something available

• to ask for something

• price decrease